forfaiting

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forfaiting

(ˈfɔːˌfeɪtɪŋ)
n
(Banking & Finance) the financial service of discounting, without recourse, a promissory note, bill of exchange, letter of credit, etc, received from an overseas buyer by an exporter; a form of debt discounting
[C20: from French forfaire to forfeit or surrender]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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Despite the ease in documentation, forfaited deals can be somewhat structured.